Abercrombie & Fitch Co. chairman and chief executive officer Michael Jeffries last year had a 39 percent increase in total compensation, to $15.9 million, thanks to a $6 million “stay bonus.”
The bonus kicked in when Jeffries, whose contract has been extended to February 2014, remained with the company through Dec. 31. It was part of a total of $6.5 million in nonequity compensation last year, compared with $1.9 million in 2007, according to a regulatory filing with the Securities and Exchange Commission.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)